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Below is an Interesting article I found, which says that.....Do not
$ p, {9 T: v. {" Nexpect much from Crude Oil producers and future is not with the
- {' ^5 N" G+ @( k: E: Ycompanies producing Jet fuels but Biofuels. Also no wonder if some of ' p5 L3 X' ?6 d# j# V' M* D8 q
these oil producer will go bankrupt or out of the business even if
2 R8 m) y+ N$ V4 Y' fcrude prices improves. This implies also to good names such as Shell, ; A5 j- A9 }& I f
EXXON, BG, BP, Cheveron ....xyz.. oils 1 h4 `% I- P0 n0 R: A/ ]) v+ a
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Recently OPEC reduced crude oil production twice over just a few [- h# T) M( [% k2 X, k
months. There are three wars going on in Gaza, Iraq and Afghandistan.
2 R) ?; L$ ]2 O) V- T, [A year ago these things would have spiked the price of crude oil by at 9 d& w$ c6 d( e, i; t- _
least $50.00 per barrel. Today, oil price declined by a record amount.
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6 n% l$ L0 r$ |1 s$ s, y$ HThere are several reasons the price of oil is decreasing in the face . I2 g* y( s7 O5 C, j r& v+ P
of so much news. These reasons are: $ N& b7 R0 b, O# W, C. l
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1. New oil has been found in Canada, Montana, North & South Dakota and 2 ^2 x+ M) t8 A3 p7 W9 x8 V
in the ocean near Brazil. Each of these oil fields has more oil than . E" \; j/ l1 o) S& z
Arabia. 5 I+ c% [5 B1 q! b! k7 A) m
( D d5 X$ `" [/ l/ c+ d: i# E" x
z0 k5 g& }9 z+ o2. New natural gas has been found in Pennsylvania and West Virginia.
- t( z* J' [; mThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is 0 N6 L$ ?) _! `- @8 c j
being used to double their output. * e$ l. z6 j }- L/ L
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4. Production of bio-fuels is beginning to reach critical mass. Bio
! ~6 Z0 z7 I- M5 h6 k! y) g$ [! ?fuel is being produced from many plants and algae. The production
' D3 o8 J/ v7 J Opotential per acre in some cases is astounding. Many countries are
0 [: U: y: S; v3 Kracing to produce bio fuels. # I' n3 }2 ?1 T* ?* U5 E
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5. Virtually every restaurant in the US and all food processing plants 9 ^6 m& [1 k* M! V; g2 b: N3 b
are now selling their used oil to bio-diesel producers. Every pork,
6 x _( K- m, o% L* y) o; ~2 ?cattle, turkey and chicken processing plant will soon sell their fat
" e1 y/ o3 t4 B3 f. g% a: H1 Wto bio-diesel producers. One pork processing plant in Oklahoma is * \( c4 z# ]! t8 H( L2 V- _1 d
producing 30,000 gallons of bio-diesel per day from pork fat. 0 Y% a8 u% a; T" |9 {
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6. There are 99 nuclear reactors in various stages of planning and 6 F% b* n3 ]. ~7 n" l. i
construction around the world at this time. Several hundred more are * K( W: Q( S% M3 B8 Y( Z
expected to be built in the future. Much of the energy they produce ! m" ]$ d0 P+ I, P5 K
will replace oil.
# H4 ?' `9 u" k# J9 a! U* @- S8 A, q7 _6 v, E6 E& }: B9 o+ V9 A
4 p+ J/ w! @3 K R* g; c7. Every company in any form of transportaion business is replacing
5 ], F3 N' @+ D- P3 wolder equipment such as trucks, airplanes, train engines, ships, etc. , Y) D" m/ F; P) {& P ~& N' Y
with new more fuel efficient equipment. Airlines and railway companies ; _0 h- t9 K& w; D7 Q/ t9 s
are experiencing 20% to 25% better fuel econony with the new 2 I2 c& F' p* v O
equipment. ( m; r- T# r7 d. q: }& E
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Airlines are flying airplanes with bio-fuel. They are finding the bio- 6 t7 l8 e. U. G3 A7 n) _
fuel is cleaner and performs better than jet fuel. - e) y: g A7 r+ [( \+ h( f1 C4 P2 Z
0 h; e1 I: N1 m% i
0 A- S) f4 l/ [1 }& t# N8. Cities and counties throughout the US are selling the rights to 0 z+ ~7 Q" Q+ @4 B6 _( L- _0 l
capture methane gas from landfills. This is a huge source of gas / W. x6 L8 C8 v
available at very little cost or risk. The gas is displacing crude
( d8 d7 g5 f- @" t- Foil.
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; b0 v; { C y) P9. Coal is being transformed into a clean burning liquid fuel. The CO2
( U4 K# N8 w) @$ Iproduced as a byproduct is sold to oil companies for injection into 6 E$ i+ \8 M# |( E# {' j
oil wells.
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' F8 X" k. {3 q: M8 g10. Solar, wind and ocean energy is displacing oil as an energy 7 {! l4 q1 z% F
source. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the
. Z( X: L; }/ L7 o5 U' }$ lprice of crude oil but the sum of all of them together is world ' d) p" F3 P) w- A6 q/ r4 n- H' }
changing. The important thing is that OPEC no longer has the ability
# K3 c' l$ B% Y( O+ m( yto control oil prices.
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With the above scenario, I still believe that there are under
% Q+ m+ I5 l3 x/ ?- J2 W0 Fperformed OIL companies and probably they are yet to get the justified 7 t" a. j% E7 K n% }% O: t9 h
value .....
# T8 k9 @* {1 M) f1 qIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... $ h. {9 B4 n$ Q
7 H$ q$ w: X! T- [# C6 k' s5 ^/ C# G* N/ a% A. A2 a
The above articles are from WSJ .............PUBLISHED ON 9TH JAN " ~0 z }" P: x6 W$ {1 r
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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